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Jordan auctions 75 mln dinars in maiden sovereign sukuk deal
Jordan's central bank said on Sunday it had auctioned its first-ever sale of Islamic bonds, or sukuk, a five-year 75 million dinars ($105.9 million) deal to help finance purchases by state utility firm National Electric Power Company. The sukuk, which used a cost-plus-profit arrangement known as murabaha, attracted 205 million…
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Click here to read the full story: Daily Mail